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Solid accounts figures from Celtic despite £7m

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By on CQN BLOG & Comments

Celtic released accounts today for the year ending 30 June 2012, a season in which they won the league and exited Europe at the Europa League group stage.  Turnover was down less than £1m at £51.34m but bank debt rose £2m to £2.77m despite a £7.37m loss (the difference between the increase in bank debt and the trading loss is due to the amortisation of player registrations, which hits the accounts evenly over the period of a player’s contract).

Football and stadium income dropped by £2m and merchandising dropped by £1m while multimedia and other commercial income rose almost £2m.  Football and stadium operating costs rose by over £2m.  The drop in stadium revenue and corresponding rise in costs are indicative of the wider economic pressures.  Inflation is affecting Celtic’s costs and Celtic fans’ ability to spend with the club.

With debt sitting at around 5% of turnover and a significant uplift in income this season assured, the club is in remarkably rude health this far into an economic downturn.  Champions League revenue this season should have a transformational effect on how Celtic can forward plan, potentially reversing that £7m loss.

Economic headwinds are likely to supress key ticket and merchandise revenue for the foreseeable future but Champions League revenues seem immune from these challenges.  The primary plan for this season must be to qualify for the group stage of Europe’s top competition next season. Get there and we can continue to operate with the existing cost structures (and more) and still pay our taxes!

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  1. Neil canamalar Lennon hunskelper extrordinaire on

    James F….,

     

    I’d like to expand on your analogy

     

    “It all went, like piss down a trouser leg. Things will never be the same for this club again.”

     

    Initially the warm glow, a new and exciting source of satisfaction. Followed by mild discomfort as the glow cools, then the realisation that it will get cold damp and miserable and finally the long uncomfortable acceptance it wasn’t a good idea after all, and the road home is going to be lonely cause everyones avoiding you cause the tims were right, your a pish stained rancid stupid hun :o)

  3. jude2005 is Neil Lennon \o/ on

    So happy for Ian mc Coll tonight. He’s been a Q O South fan since his da took him to Palmerston years ago. Must be one happy house tonight!!

  5. GlassTwoThirdsFull on

    Glen Daly

     

     

    23:22 on 18 September, 2012

     

     

    Traynors back page headline tomorrow…

     

     

    SFL throw Gers out of Ramsdens Cup. Surely, they’ve been punished enough now??

     

     

     

    No – will be more like “Celtic see debt balloon to nearly 3m”

  8. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    Evening,all.

     

     

    Probably been said,but I’m surprised at them losing on penalties what with all the experience they have at taking them.

  9. miki67 on

    Just gettin’ my head down. Whit a great wee night in casa miki.

     

    Great CL game in HD.

     

    Sevco pumped ootae their prestigious cup.

     

    One more sleep ’til we play Benfica.

     

    Going back to read the posts.

     

    One happy Tim, me.

     

    HH!

  10. A Ceiler Gonof Rust on

    leftclicktic

     

     

     

    A Ceiler Gonof Rust

     

    How can you decide which fat sleekit dangerous coward sally thread to go on there is that many im dizzy :)))))))

     

     

    …………………………….

     

     

     

    Ha ha, no problem bruv. I’m an old hand on that score. Instead of posting here, I posted there for years under a variety of guises. Sometimes it made me feel dirty, sometimes it made me feel I was getting right up their durty bloo noses. Much much better than some of the Celt on Celt abuse I see on this forum at times.

     

     

    It all ended with my final fling as “Big Silver Cup”. They papped me at my IP address and that was the end of it.

     

     

    Shame really, I’d have loved to have given them “baith barrles” tonight.

     

     

     

    I’ve mellowed, and the young peeps need tae pick up the mental mantle. It’s not a nice place and I am trying to normalise myself again. It’s a slow and agonising process, as you could imagine.

     

     

     

    Hail Hail Bruv. Happy day’s.

  18. Neil canamalar Lennon hunskelper extrordinaire on

    FFM

     

    Queen of the South pumped them out the sovvy cup :OD))))))

  20. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    Ironically,Queen of the South is a name taken from a story in The Bible.

     

     

    Other tales that lot should be aware of include David and Goliath,and Armageddon.

     

     

    There are probably more,but that’ll do for starters….

  21. Fortunes Favour Mibbes on

    FFS.

     

     

    Jue/ Canamalar,

     

     

    Thanks fholks.

     

     

    Hmm. Interesting.

     

     

    Where next for QOS? Good result against a third division hack squad with MIB benefits.

     

     

    I reckjon Scots fitball is, dare I say it!!! , phoenixing.

     

     

    Could the huns have this claim against us…? That it was acually their DEATH that resurrected football?? Or shall we fight them with the fair argument, that they NEARLY killed the game here, but not quite…..not quite…..

  24. Sandman on

    Gaelic for Queen Of The South: ‘Queen Of The South’.

     

     

    Gaelic for Sevco Zombies FC: ‘Ranjursh’.

     

     

    Astonishing discrepancies in that language.

     

     

    However, once the current resurrected blight is liquidated (again) perhaps ole Charlie will head for the Highlands and give us ‘The Ranjursh’ Ltd.

     

     

    Although I suspect ole Charlie might be heading for the ‘high land’ on his own before Santa comes…

  26. jude2005 is Neil Lennon \o/ on

    Emdae got the D R hotline thread for today? Chris Roberts promised me he wd give the Wee Oscar bucket collection a mention on todays Hotline page.

  27. miki67 on

    10 pages of hilarity and I’m only half way through.

     

    But I’m tellin’ my mrs. what’s gone on, what’s being said. She’s half asleep. So, she mumbles, ” That’s them hammered by Queens of The Stone Age….brilliant. ”

     

    pmsl

  29. Fortunes Favour Mibbes on

    Anyway. I refer back to Mr Steven Craven, who risked all to tell the truth about Scottish mibbery.

     

     

    Anyone know how he’s getting on?

     

     

    I would love to hear, he’s now a top linesman with UEFA, but summit tells me that those jobs are being reserved for the Dallas fudwits.

  30. A Ceiler Gonof Rust on

    Fortunes Favour Mibbes

     

     

    I reckjon Scots fitball is, dare I say it!!! , phoenixing.

     

     

    Could the huns have this claim against us…? That it was acually their DEATH that resurrected football??

     

    ……………………………………………

     

     

     

    Eh Naw, well if you’d taken the time to listen to SSB tonight you would have learned that armageddon is indeed here, it’s unstoppable, there will be no phoeonix and its all the fault of the big SFA/SPL plant, Peter the piper Lawell. Well at least thats what gweedy said.

     

     

    Ahm stil finking aboot it? And so iz thi raingirs fanz.

     

     

    To be fair, they have more to think about now.

     

     

    VOTE ALLY ON RM, he must stay, we always need a laugh after a a bad away result. Well, maybe even a couple of laughs:-/

  31. jude2005 is Neil Lennon \o/ on

    miki

     

     

    Mrs j says the same cld happen to Celtic tonight so dont gloat. A bit a bit a bit Ah forget it!!

  33. Fortunes Favour Mibbes on

    A Ceiler Gonof Rust

     

     

    Hoots mon.

     

     

    The deeth of fitba??????

     

     

    :((((((((((((((((((((

     

     

    How sad. How trragic…

     

     

     

    OR THE REBIRTH OF FITBA!!!!

     

     

    >:)))))))))))))

     

     

    QOS

     

     

    http://www.bbc.co.uk/sport/0/football/19629218

     

     

    Apols BBC, know you wanted that one kept quiet. So sad.

     

     

    http://www.bbc.co.uk/sport/0/football/19629218

     

     

    Ya tools !!!

     

     

    How do I spell it……ROOON YE ya fannies !!!!!!!!!!!!!!!!!

  37. Fortunes Favour Mibbes on

    Anyone got a link to that penalty we got gifted at any point in the last 50 years.

     

     

    Might have been unfair, but sure,we were entitled.

     

     

    Doh..sorry, wrong feckin “club”. This is whit happens when you confuse scuddish fidba with football, no?

     

     

    No?

     

     

    Opinions, Gordon,? George? Campbell?

     

     

    He he, ye auld rascals…heh heh.

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